Grid Dynamics Q2 revenue $47.7M record, up 113% YoY; non-GAAP net income $6.1M

GRID DYNAMICS HOLDINGS, INC.

2021-Q2 EPS reported -$0.07 revenue$86,810,000

Revenue $47.7M, up 21.8% sequentially and 113.1% YoY; organic revenue $38.4M, up 17.7% sequentially.
GAAP net loss $(1.5)M ($(0.03)/share) improved from $(2.1)M in Q1; non-GAAP net income $6.1M ($0.10 diluted).
Non-GAAP EBITDA $9.7M, up from $5.3M in Q1 and $1.2M in Q2 2020.
212 total customers (161 from acquisitions, 51 organic); organic added 5 new customers in Q2.
Non-retail verticals 73.3% of revenue; Tech/Media/Telecom largest at 33.8%.

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